2012-11-14
2012-11-14
x china

STATION
CSPAN2 5
CNBC 4
KRCB (PBS) 3
CSPAN 2
KQED (PBS) 2
KQEH (KQED Plus) 2
WETA 2
WMPT (PBS) 2
LANGUAGE
English 22

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that there are cheaper technological solutions to our national security problem and the most obvious exponents of this is drones and other remote wrote -- invading a country, you can just the public perceives and many of thes received drone along its border. there's a fascinating strategic conversation about whether that is correct and will work out over time. there's also as anyone who has worked in this field knows, the fact that technology is rather expensive and that also justifies the need for an endless growing budget if your security is completely dependent on keeping your high tech offense ahead of both lower tech defense your adversaries will navigate against you. so technology is put forward and believed by the public to be a budget panacea but it is not. the third point that should be made about appetite is -- i would go further and say we saw in this election at the presidential level and the congressional level went across party lines and effort to make candidates pay for expressing willingness to cut pentagon spending and had zero effect and the massive infusion of corporate cont

to manhattan, kansas. >> may know more about technology than a tomcat's knows about baking gingerbread. >> welcome to our viewers. israel killed the military commander of hamas and launched a series of attacks. hamas vowed in this would open the gates to hell. military action will continue. >> for the people of gaza, it looked like a war, and as in most wars, civilians are caught up in the violence. the first target today was the biggest hamas's most senior military leader was typify and -- hit by a military strike. he died instantly. hamas says this is a major provocation. good >> they will pay a price for this, because he was one of our most exceptional leaders. >> she sat at the top of the military wing. tonight israel published these images. the army released video footage of him being tracked and the moment when his car was hit. israel said the strike followed a wave of rocket attacks from gaza. >> i can just elaborate the target was to protect israeli civilians. they have been under constant rocket attacks for the last year. >> gaza is expected to face more casualties, among them

a major, new bold investment program, going into a new market, expanding a new technology, ect., you are worried about what the tax rate will be when that's generates cash in nine years. the best thing to do is create a lower rate, an expectation that there's not giant tax increases later. >> i agree with that. i think we should do in, but, a, you know we have the highest statutory right and no higher than average effective rates because we have the narrowest base of owl corporate income in the world. >> yeah. >> one of the reasons we have that system is because people like us argued for many years that the more efficient thing, the more, the better way to encourage investment was not to cut the corporate rate, but to have massively accelerated depreciation, expansion of investment, focusing on incentives rather than cutting the rate overall. i think the intuition is changing, but the way we're going it cut the rate is not by closing loopholes, but come out a painful expansions of the base like getting rid of accelerated depreciation and things which have a value so i think -- >> is

cain in ohio, and came within two points. the technology included the so-called system, which was the republican get out the vote technology to ensure we targeted people to get to the polls. that imploded. i'm told on election day, actually, so many hits from around the country as it should have saying, gee, this person voted, this person didn't, target calls, thought it was under attack, and closed down. for those of you here from, again, the technology field with the politics, we, republicans, want to talk to you. [laughter] we need help. the democrat system is calledded gordon, it was effective at microtargetting, and i heard a lot of antedotes, and you'll love somebody gets a call who is a democrat in law school, and it was gee, you know, we see that you have voted, this information is public available. we see you voted at two o'clock on election day, but your sister, at two lane, has not voted, could you call her? that's the level at which they were dealing, whereas, you know, we were flying blind at that point. part of it is technology, and part of a turnout that was imp

rushed, particularly technology companies rushed to europe. you'll see in q-1 companies saying, look, we have maintained our european. don't worry about european. if they don't say it, i think we'll sell the stocks. >> worse before it gets better was on the conference call. >> industrial production misses this ridiculous fight between the eu and imf. bank of england cutting growth outlook for the u.k. >> gdp tomorrow. it will be terrible. alco alcoa being struck because they try to close a plant. the conversation will be at the beginning of the conference call and europe -- we're managing europe down to x. european we're going to close europe. ford motor gave you an example of what will happen. we won't let europe bring our company down. latin american, asia turn turne. we won't let europe ruin us. europe will be isolated. that's what happens if you decide to go off the grid like they're doing. their major issue is carbon tax. they keep talking about carbon tax. the european, the german power company talking about having too much solar power which is bringing down and able to make money

will be replaced by two women who worked with him. he's the second high-level executive to leave a technology giant in as many weeks. the head of apple's iphone software unit left in a management shake-up late last month. >> susie: want more evidence that a housing recovery is under way? look no further than home depot's latest earnings report. the home improvement chain released positive third quarter earnings, but it's the company's outlook for the future that is getting the most attention. erika miller reports. ( hammering ) >> reporter: you could say home depot "nailed it," reporting bett than expected third quarter earnings. profits rose 23% from a year ago to 74 cents a share. revenues were up nearly 5%. and, remember, the latest results don't even include the sales lift from superstorm sandy. home depot also raised its profit outlook for the year. if housing continues to improve, experts say it's a bullish sign for the rest of the economy. >> now, as we start to see residential investment recovery, that should help other sectors ofhe economy throu demd for building materials, through more de

pressures and the uncertainties, and also other technology companies really did not have very good quarters as well. i thought the company did a very good job on execution, on cross control and market share gains. the fact that this company is grow revenues at 5.5% while its peers saw revenues decline 4.3% in the same time period, it really speaks to the market share gains that they're seeing and that the clear highlights to me were service provider video, retireless and data center all growing double digits nicely. >> kelly and i were talking about this earlier. cisco seems to sort of outperform -- seems to be an outliar. does well when others aren't and doesn't do well when others are. i'm wondering is that actually the case? because that's the appearance. and indeed whether we can take anything for the sector from this. >> i think the one thing that if you want to take away from cisco's quarter is that the u.s. enterprise for cisco grew 9%, versus 5% last quarter. that's the second quarter in a row where you saw acceleration. and this is a leading indicator for its broader businesses. th

this is a much longer term story. they have data. they have technology. they have reach. >> so how come the stock has lost so much of its value i understand the ipo then? >> the valuation was always an issue here. part of the lockup expiring reminds us of the valuation play. it's still $48 billion for a company with $5 billion in revenue. so the sale of the century, this most certainly isn't. part of what we're seeing is rotation out of the big three, out of amazon, apple, and google. some of the tech money is looking for a place. there's a decent number of people out there who like the upside to downside ratio in facebook. all that being said, mobile is important for them. we're yet to see them monetize outside. they have to do that to grow into any kind of valuation above of $26. we have another big problem in mobile here which is about 50% of the click throughs where they're making their money turn out to be errors. they're accidents based on big fingers on small surfaces. >> facebook is still one of the top if not the top water cooler stocks to talk about in 2012. we just proved it once again

of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> good morning and welcome back to "squawk box" here on cnbc. i'm joe kernen along with becky quick and andrew ross sorkin. our top story is an economic ticking time bomb. what am i talking about? the fiscal cliff. about a dozen ceos are scheduled to meet with president obama today, including ge's jeff immelt. et another friend of the show,

mccain in ohio and still came within two points. the technology included so-called orca system. some of you maybe read about that in the last couple days which was the republican get-out-the-vote technology to insure that we were targeting people getting to the polls. it imploded on election day. it got so many hits from around the country as it should have saying gee this person voted. this person didn't vote. target calls. we thought it was under attack and closed down. so for those of you here from, again, the technology field and with interest in politics, we republicans want to talk to you. [laughter] we need some help. the democrats system i think is called gorton was quite effective at microtargeting. i heard a lot of anecdotes. i heard one this morning that you will love. someone gets a call a democrat in law school. gee, we see you voted. by the way this information is publicly voted. it is at 2:00 on election, but your sister at tulane has not voted, could you call her? that east the level which they were dealing we frankly were flying blind at that point. part of it is tec

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to the poll. mitt romney got fewer than john mccain and still came within two points. the technology included the so-called system some of you have maybe read about in the last couple of days which was the republican get-out-the-vote technology to ensure people are getting to the polls. i'm told on election day it had so many hits around the country as it should have from people saying this person voted and this person didn't. but if that was under attack it closed down. so for those of you hear from again that technology field to enter some politics, we republicans want to talk to you. [laughter] we need some help. the democratic system was quite effective at micro targeting and i've heard lots of anecdotes and one this morning that you will love that somebody gets a call that's a democrat from law school and was we see that you voted and disinformation is publicly available. was it you that voted 2:00 on election day but your sister hasn't. can you call her. that's the level at that point. that led to a turnout effort that in the end makes the difference. the increase in turnout among the b

technology boom, the creation of private credit, and rapid increase in tax revenues. stephanie showed us something that was not a forecast at the time. those who were there in 2000 remember that the secretary of the treasury at the time and the chairman of the federal reserve were talking about a 13-year horizon for the complete elimination of the public debt. there was no forecast that the technology boom would come to an end, but it did. from 2000 onward, we were back into a more normal position of the government running substantial deficits as the private sector rebuild its financial position. that is the first point. long-term forecasts, the idea that one can control the future position of the debt and deficit by actions taken today, is an extremely tenuous and debatable idea. the second point is that there are certain assumptions being made which create extremely scary scenarios. those numbers that were shown -- in stephanie's presentation, the expectation that public debt would rise close to 200% of gdp by 2005. what is that based on? two important assumptions drive these projectio

technology we talked about. it is how the reach people with a live? which for a lot a young people, they are online. idea.boadebroader the other side was effective in taking the comment that the missouri. >> yes, sir. >> senator, it seems to me the policies yet in the fight as may be needing change might have been the policies that were adopted as a necessity to get to the primaries. how do think the primary system can change to allow a candidate to come to that might represent the center right as opposed to the far right. how cannot be adjusted? >> and the democratic and republican side, there is a lot of talk about that. and to you go to a national primary -- until you go to a national primary, which no one is talking about, you will have this issue. there were some iowa republicans recently meeting same they had to be careful. we need to be careful. primaries are going to continue and be good to that process this go round. the president had no primary opponent and he was free to have a rose garden shed jeff burris. we cannot have that luxury. we have to go to this process. the r

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